How to identify, which ICO to invest?
Hello Everyone!
Today I would like to talk about the recent popularity of ICO as a way to attract investments for your startup or simply make profit once a company’s token appears on exchanges. But the most interesting part is that in the beginning of this year a much smaller number of people, a niche group of cryptocurrency users knew about ICO’s.
Check this out: in 2016, the total amount of money raised by various company’s through ICO was $ 103 million VS over $1 billion raised during the first 6 months of 2017, with more than 60% acquired in the Q2. We can imagine how much more money will be raised by startups in the 2nd half of 2017, if the dynamics will continue to increase with the same pace.
Of course, growing popularity of ICO’s effects various cryptocurrencies, which are used for investing, for example Bitcoin price increased by 160% during 2017, while Ether showed 3 350% annual growth.
The dark side is that over 80% of companies, who succeed to attract funds through ICO’s never finalize their products. That’s why I’d like to point a few things, which will help you to understand better why Bazista is a great investment:
- Product: We will present the platforms MVP before the end of the crowdsale, enabling our first users to start trading by using Bitcoin;
- Team: Our team has solid professional background in various spheres and you can easily track our previous activities and jobs history;
- Value: First of all, we see ourselves as an infrastructural project, which will provide channels for the usage of cryptocurrencies and digital assets in the real-economy sector. We will partner with other blockchain solutions to boost the development of all-in-one trading solution
- Feedback: Our project has been receiving great feedback from the blockchain community so far. Bazista took the 5th place in the Humaniq Global Challenge. Besides the platform has been selected for the acceleration program of one of the most prestigious Russian University — Higher School of Economics. Finally, we turn to the most influential people in blockchain and ecommerce to assist us on the project, which helps us to adjust our strategy for crowdsale and even more importantly for the product launch and expansion.
With so many ICO’s looking for investors’ money, you’ll need to make a closer look at what the project really does to implement its solution prior to ICO and not after the funds have been raised. You should also look after community to understand whether a company’s token will be in high demand or not. However, if you are really looking to contribute to the emerging digital economy then you should go for the project’s value. Does it contribute to the further integration of blockchain solutions or deliver real value for cryptocurrencies? I say definitely yes, if you ask me about Bazista!
